When you create a reports-server, you also get a conf-file. This can either be accessed by filesystem or via the application-server-console. In that file there is a property source-dir. Put yout path into that property and restart the reports-server.

I want to change reports deflault path, so that I could use my own path (like c:\finance), wherein I put all my reports.

You advised me to put the path, in a parameter like *"sourceDir" value=C:\FINANCE in rwserver.conf* file of C:\Oracle\Middleware\asinst_1\config\ReportsServerComponent\RptSvr_hp_asinst_1 folder. But all in vein.

Then I do the same in other rwserver.conf files of below folders also: